De Souza Portes Meirelles Gustavo 4

What Happened

• Gustavo De Souza Portes Meirelles, Vice President of Afya Ltd (AFYA), had 7,000 restricted stock units (RSUs) vest and convert into common shares. Of those shares, 1,925 were withheld to satisfy tax withholding at $14.41 per share, totaling $27,739. The conversion/derivative event is reported as an exercise/conversion (code M) with tax withholding reported under code F.

Key Details

• Transaction date: May 7, 2026.
• Conversion: 7,000 RSUs converted to 7,000 common shares (reported as derivative exercise/conversion, code M).
• Tax withholding: 1,925 shares withheld (code F) at $14.41 per share = $27,739.
• Report filing: Form 4 filed May 11, 2026 (timely; filing within required business days).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: RSUs convert one-for-one to common shares. 7,000 RSUs vested on May 5, 2026; remaining RSUs vest 10,500 on May 1, 2027 and 14,000 on May 1, 2028, subject to continued service.

Context

• This was a routine vesting/conversion of RSUs, not an open-market sale or a cash purchase. Withholding shares to cover taxes is a common practice (reported as disposition under code F) and does not necessarily signal a view on the company’s prospects.
• Transaction codes: M = exercise/conversion of a derivative (here, RSU conversion); F = payment of exercise price or tax liability (here, share withholding for taxes).